I already described in my last piece that it is almost impossible nowadays to bring an indisputable fact to the attention of the people in such a way that even politicians feel compelled to question all too simple views and also to go against the economic prejudices of the majority for once. …
Just imagine: A doctor develops an ingenious diagnostic tool that can avoid misdiagnoses in many diseases, but the vast majority of his colleagues don’t want to use it because they think misdiagnoses are just part of the risk of patients’ lives that you simply have to accept. …
Those who make fundamental mistakes need not be surprised that they trigger fundamental irritations. The ECB has just decided that in order to fight “inflation” it will stop buying government bonds and raise interest rates, and already it is being overtaken by reality. …
